Thai Stock Market Roundup on May 5, 2021

A short summary to inform investors of significant developments in the Thai stock market on May 5, 2021.

SET Index closed at 1,549.22 points, decreased 33.91 points or 2.14% with a trading value of 127 billion baht. The analyst stated that a sharp plunge in the Thai stock market was due to concerns over the Covid-19 situation in Thailand that could suppress the economic recovery, resulting in a selloff in big-cap stocks, especially the banking sector, tourism and retail.

The analyst expected the stimulus plan to keep the overall outlook stable, but the economy would have a slow recovery, coupled with a possibility for a revised down GDP growth.

In addition, the analyst advised to keep monitoring the Covid-19 situation in Thailand, expecting the stock market to rebound and gave a support level at 1,530 points and a resistance level at 1,560 points.

– A selloff over 10.4 billion baht from foreign investors plunged SET Index by 34 points amid concerns over Covid-19 situation in Thailand.

MPC ​on May 5, 2021, voted unanimously to hold the benchmark interest rate at 0.50% per annum as Thailand could fall into an economic recession amidst the resurgence of Covid-19 outbreak.

RATCH invested 272 million baht to acquire 80-MW near-shore wind plant in Vietnam.

CPALL fell 3.6% on its ex-dividend date for a Bt0.90 dividend payment amid plummet in the Thai stock market over concerns of Covid-19 resurgence.

– Thai CPI expanded 3.41% in April as power bill reduction ended and consumer prices rose.

TMB planned the listing of its car title loans unit spinoff on Thai Stock Exchange as the overall outlook of this business has a high potential growth level, said a source close to the matter.

Shipping stocks rose as BDI soared past 3,000 points. The analyst expected sector’s earnings to rebound in 1Q21.

TOP completed the transfer of its Marine Transport business unit and acquire 858 million baht to focus on its core businesses.

– The Singapore Stock Exchange gave a green light on STGT‘s secondary listing under conditional Eligibility-to-List (ETL) conditions.

– Stocks in Focus on May 5, 2021: SAT (Maybank Kim Eng TP at ฿22.50/share) and LEO (Trinity Securities TP at ฿8.20/share).


Top 10 Most Impact Shares on May 1, 2021

Back to top button